Chung Wu Investment Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 800 shares of the semiconductor company’s stock, valued at approximately $181,000.
Several other hedge funds also recently modified their holdings of TSM. City Holding Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. 1248 Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $28,000. Signature Resources Capital Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $33,000. Finally, Vision Financial Markets LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $33,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Up 1.5%
Shares of NYSE TSM opened at $292.42 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $296.72. The business has a 50-day moving average price of $250.34 and a two-hundred day moving average price of $213.55. The firm has a market capitalization of $1.52 trillion, a PE ratio of 33.34, a PEG ratio of 1.39 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 29.42%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Saturday, September 27th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, July 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $286.67.
View Our Latest Stock Report on Taiwan Semiconductor Manufacturing
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
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